Friday, November 6, 2015

Tengasco, Inc.: An Independent Energy Company

Registered as an independent exploration and energy production company, Tengasco, Inc. holds its corporate office in Greenwood Village, Colorado. The company is publicly traded on the American Stock Exchange and continues to market its shares using the symbol TGC.

It was in April 2011 that the business was incorporated and it engages in the production of oil and natural gas in some of the prolific areas in the country. Its main operation is located in Kansas. It serves as the parent company of the Manufactured Methane Corporation (MMC), which engages in the extraction of methane gas from landfills. The crude oil produced by the company is sold by the business to refineries in nearby areas.

As of December 2014, the company has 196 producing oil wells and 37 active disposal wells. They also have 16 additional shut-in wells and generate royalty from some of their properties leased to other exploration companies.

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